Financial Accounting for Related Party Transactions

Monday, December 30, 2024
Webcast or Webinar, Online
3:00 PM - 5:00 PM (opens at 2:30 PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/CX46187
Level: Intermediate
Vendor: CPA Crossings, LLC
Field of Study: Accounting

Overview:

This course explores the FASB codification provisions and AICPA financial reporting framework for transaction with related parties, including business owners and special purpose entities. Real-life examples are used to illustrate the various authoritative standards and discuss the consequences of failing to comply. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives:

After attending this presentation you will be able to...

  • Apply the financial accounting rules for related parties and how they impact accounting transactions

Major Topics:

The major topics covered in this class include:

  • FASB codification provisions for transactions with related parties, including business owners and special purpose entities.
  • Compare and contrast those rules with the AICPA financial reporting framework for small and medium-sized entities.
  • Review the tax accounting related taxpayer standards.
  • Real-life examples applying the various authoritative standards. Consequences of failing to comply with the standards.

Major Topics:

The major topics covered in this class include:

  • FASB codification provisions for transactions with related parties, including business owners and special purpose entities.
  • Compare and contrast those rules with the AICPA financial reporting framework for small and medium-sized entities.
  • Review the tax accounting related taxpayer standards.
  • Real-life examples applying the various authoritative standards. Consequences of failing to comply with the standards.

Designed For:

CPAs working in public accounting firms and members in industry.

Prerequisites:

Basic working knowledge of transactional financial reporting.